Vodafone Egypt to bolster network with EGP9.5bn investment over three years

Vodafone Egypt will spend approximately EGP9.5 billion (USD1.3 billion) on making improvements to its network over the next three years, Reuters reports, citing the operator’s recently appointed CEO. It is understood that the expenditure will use existing funds, according to Ahmed Essam. Meanwhile, with Egypt still finalising the details for the unified licence regime which will allow the nation’s telecoms operators to offer both fixed and mobile services, Vodafone Egypt expects that it will costs around EGP100 million to gain access to the fixed line network owned by incumbent Telecom Egypt. Vodafone Egypt is, however, said to still be studying the possibility of offering landline services, with it understood that it has not yet reached a decision on the matter.